Too Many Rappers, And There’s Still Not Enough MG’s
Master Growers, that is. As news spread of Toronto’s native son Drake cutting a deal for a 60% interest in a Scarborough, ON cannabis production facility, a small army of cannabis marketing professionals (mostly self-appointed) universally acclaimed Drake and Canopy Growth’s (TSX: WEED) (NYSE: CGC) clever end run around the Canadian laws prohibiting celebrity endorsement […]
WeedMD Keith Merker Calls Outdoor Harvest A Success! Interviewed by InvestorIdeas.com
This morning an interview with WeedMD Inc (TSXV: WMD) CEO, Keith Merker, was released on InvestorIdeas.com where we learned some new interesting tidbits about the company. Here are a few highlights: First, as investors are watching closely, let’s look at what Keith said about the outdoor grow: “We pulled down successfully north of twenty thousand […]
Premier Gold Posts Declining Third Quarter Revenues of US$18.7 Million
Premier Gold Mines (TSX: PG) announced its third quarter operating results this morning, reporting total revenues of US$18.7 million for the period ended September 30, 2019. Revenues were down on both a quarter over quarter and year over year basis, with the firm posting revenues of $22.9 million and $27.3 million for those periods respectively. […]
Charlotte’s Web Posts Flat Quarterly Revenues of $25.1 Million
Charlotte’s Web (TSX: CWEB) posted its third quarter financial results this morning, posting flat revenues on a quarter over quarter basis of $25.1 million. The firm had posted revenues of $25.0 million for the second quarter of 2019, resulting in the firm showing minimal growth on a quarter over quarter basis. Gross profit declined slightly […]
Cresco Labs and Origin House Amend Terms of Merger Agreement
Cresco Labs (CSE: CL) and Origin House (CSE: OH) this morning announced that the terms of their original merger agreement has been modified as was previously alluded to. Under the new terms, Origin House shareholders will receive 0.7031 shares of Cresco Labs for each share held. Previously, holders were to receive 0.8428 shares per share […]
Pallinghurst Group and Traxys Join Forces in $2 Billion Ethical Battery Material Fund
It was announced earlier today that Pallinghurst Group will be forming a joint venture with that of Traxys to invest up to two billion in mining projects for battery materials. The venture brings together Pallinghurst’s experience in developing major mining projects, with that of Traxys knowledge of supplying cobalt, nickel and other battery grade materials. […]
An Illustrated Look at Cronos Group Following their Q3 Earnings
As a follow up to our quick take this morning on Cronos Group (TSX: CRON, NASDAQ: CRON), we thought it would be helpful to share an illustrated look at Cronos Q3 earnings. Cronos effectively doubled their cannabis output since Q2, selling 3,100 kg of dried gram cannabis equivalents. That’s about half of Aphria’s most recent […]
Tilray Records US$48.17 in Third Quarter Revenues
Tilray Inc (NASDAQ: TLRY) reported third quarter financial results after the bell today, posting net revenues of US$48.17 million for the quarter. The figures presented resulted in a mild estimate beat, with analysts expecting gross revenues of approximately $49 million. While Tilray has yet to publish full financial results, select information was provided within its […]
Sober Curious: The Hot New Trend Tinley Beverage Is Ideally Positioned For
Americans are falling out of love with alcohol, and a new movement known as the “sober curious” is focused on furthering that decline. As Americans become more wary of the health impacts of alcohol, along with an increased focused on personal well being, alcohol has seen a steady decline in sales while non-alcoholic variants are […]
Lord Jones! Cronos Group Generates Positive Net Income Thanks to Declining Share Price
This morning Cronos Group (TSX: CRON, NASDAQ: CRON) reported their third quarter results. We organized the numbers into quarter over quarter results for the reader: Q3 ‘ 19 Q2 ’19 % change Gross Revenue $13.3M $10.8M 24% Gross Profit (Before Bio Adjustments) $7.4M $5.5M 36% Fair Value of Bio Adjustments $24.6M -$0.5M Gross […]